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Amaya Purchases WagerLogic

Internet betting firm Amaya Gaming has announced that it has purchased WagerLogic for $70 million, finalizing a deal that was announced some time back.

As part of the deal Amaya paid $52.5 million in cash and a promissory note worth $10 million, which will gain 6% interest annually. Additional considerations may be of the cash variety, which is dependent on future revenue goals.

Even with the acquisition, WagerLogic will still provide its software and support services to InterCasino, InterPoker, and InterBingo.

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